22:13:22 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Benton Capital Corp
Symbol BTC
Shares Issued 76,273,531
Close 2014-04-09 C$ 0.06
Market Cap C$ 4,576,412
Recent Sedar Documents

Benton completes distribution of Coro shares

2014-08-01 11:43 ET - News Release

Mr. Stephen Stares reports

BENTON CAPITAL COMPLETES DISTRIBUTION OF CORO MINING SHARES PURSUANT TO ITS PLAN OF ARRANGEMENT

Benton Capital Corp. completed its distribution of 61 million common shares of Coro Mining Corp. on July 24, 2014, pursuant to its previously announced plan of arrangement. Pursuant to the arrangement, shareholders of Benton received 0.7998 share of Coro for every one share of Benton held as of the record date of July 11, 2014.

The initial cost basis for the Coro shares received as part of the arrangement is seven cents per Coro share, the fair market value on July 24, 2014, determined by averaging the high and low TSX trading prices of Coro on that day.

According to the disclosure provided by the company in its management information circular dated June 6, 2014, and filed on SEDAR, the company is not expected to be deemed to have paid, and no resident holder is expected to be deemed to have received, a dividend as a result of the distribution of Coro shares pursuant to the arrangement (refer to pages A20 through A29 of the management information circular for income tax considerations). Benton shareholders are advised to consult their tax advisers to determine the particular tax consequences to them of participating in the arrangement, and the acquisition, ownership and disposition of the Coro shares acquired pursuant to the arrangement.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.